EXPLORATION & DEVELOPMENT

Lefroy extends Burns as gold-copper drilling continues

Further assays due late next month from find south of Kalgoorlie

 Lefroy extends Burns as gold-copper drilling continues

Lefroy said a fourth diamond core hole is now underway to an estimated final depth of 560m, with assays from earlier holes due late next month.

Burns is part of Lefroy's namesake gold project 50km south east of Kalgoorlie.

The copper and gold mineralisation hosted by both porphyry and basalt is considered by Lefroy to be a new style of mineralisation in the area, a land position "dominated" by Lefroy.

A 14-hole diamond program started in April.

Lefroy started the current quarter with A$2.9 million cash, suggesting a capital raising in the short term.

Shares in Lefroy were up 8% to $1.08 in morning trade, capitalising the company at $129 million.

The stock was at levels around 20c earlier this year prior to the big Burns drill hit.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.